L'Oréal: Oddo raises target price after business review.

(CercleFinance.com) - Oddo has raised its target price on the L'Oréal share from 192 euros to 200 euros, and has renewed its buy rating, after the group announced a 4.
2% l-f-l increase in Q1 sales to almost 7.05 billion euros, performance which exceeds the consensus by 1% and which is 2% above the broker's forecast.

"The performance of the Luxury goods and Asia divisions are impressive and well above expectations," the analyst pointed out, who further noted that this performance contrasts with the relative weakness of the "Consumer products," division of Western Europe and the United States.


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